“MSME sector contributes 40 percent of the jobs in India” Shilpa Pophale
In Episode 7, Nishant Malhotra, founder of The middle Road, chats with Shilpa on the rise of green machine lending in India. Electronica Finance Ltd is a leading and world-class NBFC non-banking financial company based in India and a pioneer in green machine finance and other micro-lending services. The NBFC provides machine loans, business loans, working capital demand loans, emerging enterprise loans, and institutional loans. It recently raised $14 million from Encourage Capital, a New York-based impact investment & advisory company. The company has more than 50 branches across India and boasts of $180 million gross loan portfolio. The company operates in green micro-lending in small and medium enterprises segment and futuristic in incorporating energy-efficient loan portfolio. Further, another impact investor responAbility invested in its $10 million green masala bond. The company got incorporated in 1990 and is part of the SRP Electronica Group. Electronica Finance Ltd is a partner of the Small Industries Development Bank of India (SIDBI), India’s principal development financial institution serving the Micro, Small, and Medium Enterprises (MSME) sector. SIDBI partnership is a critical enabler for Electronica Finance Ltd.
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